THE MAIN CHARACTERISTICS OF BELIZE COMPANY

General

Type of entity IBC
Type of law Common
Shelf company availability Yes
Our time to establish a new company 1 day
Minimum government fees (excluding taxation) USD 100
Corporate Taxation Nil
Double taxation treaty access No

Share Capital or Equivalent

Standard currency USD
Permitted currencies Any
Minimum paid up No minimum required
Usual authorised USD 50,000

Directors

Minimum number One
Local required No
Corporate Directors permitted Yes
Location of meetings Anywhere
Publicly accessible records No

Shareholders

Minimum number One
Publicly accessible records No
Location of meetings Anywhere

Company Secretary

Required Optional
Local or qualified No

Accounts

Requirement to prepare Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No

Other

Requirement to file annual return No
Change in domicile permitted Yes

Presentation of jurisdiction

Belize was called British Honduras in former days; however, since 1981 it became an independent democratic Commonwealth country located on the Caribbean seaboard of Central America, being of springboard to optimization for several companies around the world.

The Belize International Business Company (IBC) is the most chosen form of offshore corporate structure. The reason is that the IBC structure (International Business Company Act, 1990) must conduct trading and business outside Belize, and can also carry some of its activities within Belize jurisdiction. IBCs are the key for a diversity of tax planning optimization and international investment purposes.

Who should choose Belize Company and what activities benefit the most?

Who?

  • Entrepreneurs;
  • Consultants;
  • Stockbrokers.

Which activities?

  • International trade;
  • Inheritance purposes;
  • Holding of intellectual property rights (IP);
  • E-Commerce.

INTEREST OF THE JURISDICTION OF BELIZE

Advantages of a company in Belize:

  • No corporate tax – 0%.
  • No publicly accessible records.
  • Account filing is not required.
  • Very effective cost.
  • Speedy incorporation time.

Disadvantages of a company in Belize:

  • The lack of public registers can make proof of ownership difficult.
  • Not recommended for high profile trading operations.

How to proceed

To incorporate or purchase a company the following documentation should be provided:

  • A completed application form signed by the company or by the representative;
  • Copy of valid passport;
  • A personal bill, which is less than 3 months old from the date of the application;
  • Payment of our fees.

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

  • Incorporation of a company or purchase of an existing company: 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.